Voloridge Investment Management LLC Trims Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Voloridge Investment Management LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,427 shares of the semiconductor company's stock after selling 21,809 shares during the period. Voloridge Investment Management LLC's holdings in Monolithic Power Systems were worth $13,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $3,182,000. Vantage Investment Partners LLC raised its position in shares of Monolithic Power Systems by 4.5% in the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after buying an additional 1,505 shares during the period. Boston Family Office LLC boosted its holdings in Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after acquiring an additional 2,383 shares during the last quarter. GDS Wealth Management boosted its holdings in Monolithic Power Systems by 1,527.1% in the fourth quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company's stock valued at $4,833,000 after acquiring an additional 7,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Monolithic Power Systems in the fourth quarter valued at about $454,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now owns 776 shares of the company's stock, valued at $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research reports. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup lifted their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. KeyCorp decreased their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, TD Cowen lifted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Up 1.0%

Shares of NASDAQ:MPWR traded up $6.79 during midday trading on Thursday, reaching $684.27. 159,799 shares of the company were exchanged, compared to its average volume of 792,054. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a fifty day simple moving average of $598.11 and a two-hundred day simple moving average of $611.53. The firm has a market cap of $32.76 billion, a PE ratio of 18.58, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 EPS. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.